Third Quarter Fiscal Year 2024 Highlights Non-GAAP gross margin for the third quarter of fiscal year 2024 was 15.6% with adjustments for stock-based compensation expenses of $3 million. Non-GAAP diluted net income per common share for the third quarter of fiscal year 2024 was $6.65, with adjustments for stock-based compensation expenses of $9 million, net of the related tax effect of $47 million. As of March 31, 2024, total cash and cash equivalents was $2,115 million and total bank debt and convertible not ...

CEO Talks About the Latest Innovations in Rack Scale Plug-and-Play (PnP) Solutions, Including Liquid Cooling, Increased Efficiency, and Optimized Performance for AI, Cloud, and Edge Computing SAN JOSE, Calif. and TAIPEI, April 30, 2024 /PRNewswire/ -- Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, announced that for the seventh consecutive year, President and CEO, Charles Liang will present a CEO Keynote at COMPUTEX 2024, one of the most significant comput ...

Fans of Super Micro Computer (NASDAQ:SMCI) stock are feeling hopeful ahead of the company’s fiscal third-quarter earnings results due tomorrow, April 30. Indeed, SMCI stock has regained more than 20% of its value in just the past five trading sessions.What do you need to know about SMCI stock today?Well, since reaching its all-time high back in early March, SMCI has been somewhat topsy turvy. Indeed, the chipmaker lost as much as 45% of its value in the past two months as some investors decided to capitaliz ...

Super Micro Computer’s (SMCI) third-quarter fiscal 2024 results, scheduled to be released on Apr 30, are likely to reflect strength in its Server and Storage Systems segment.The segment has been the key catalyst for the company backed by its robust storage systems offerings.Revenues from the segment were $3.44 billion in the second quarter of fiscal 2024. The figure accounted for 94% of total revenues and exhibited year-over-year growth of 107%.The Zacks Consensus Estimate for third-quarter fiscal 2024 Serv ...

The AI rockstar is poised to report earnings on Tuesday. Will the stock rally even higher?Super Micro Computer (SMCI 4.33%), also called Supermicro, provides high-performance servers built to withstand the rigors of artificial intelligence (AI) processing. The company has become a poster child of the AI boom and is scheduled to report the results for its fiscal 2024 third quarter (ended March 31) after the market close on Tuesday. AI investors will be sitting on the edge of their seats, as Supermicro could ...

Super Micro Computer (SMCI) is scheduled to report its third-quarter fiscal 2024 results on Apr 30.The company has been benefiting from its diverse business model, which encompasses Graphics Processing Units (GPU), AI, core computing, storage, 5G telco, edge and Internet of Things solutions. Its expanding pipeline of AI-backed software solutions continues to strengthen its foothold in the booming AI market in the to-be-reported quarter.Strength in the Server & Storage Systems segment, owing to continuous AI ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Super Micro Computer (SMCI) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Super Micro currently has an average brokerage reco ...

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Super Micro Computer (SMCI) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 30, 2024, might help the stock move higher if these key numbers are better ...

Key PointsSuper Micro Computer's 25% discount was a knee-jerk reaction to news that opened up a significant opportunity. Analysts' sentiment and expectations aided volatility, and now, investors have a double-digit upside. Institutions have been buying this stock, which may help support the market at critical levels. 5 stocks we like better than Super Micro ComputerResults from Taiwan Semiconductor NYSE: TSM set the semiconductor market up to fall, and all it took was a slim bit of news from Super Micro Com ...